Somewhat Critical News Coverage Extremely Likely to Impact CommVault Systems (CVLT) Stock Price

News stories about CommVault Systems (NASDAQ:CVLT) have been trending somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CommVault Systems earned a news impact score of -0.05 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of CommVault Systems (NASDAQ:CVLT) traded down 2.55% during midday trading on Tuesday, reaching $59.20. The company’s stock had a trading volume of 318,623 shares. The company has a market capitalization of $2.69 billion, a P/E ratio of 1038.60 and a beta of 1.45. The stock’s 50-day moving average is $58.53 and its 200-day moving average is $53.93. CommVault Systems has a one year low of $47.61 and a one year high of $64.60.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business had revenue of $165.97 million during the quarter, compared to analyst estimates of $159.92 million. During the same period last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that CommVault Systems will post $1.22 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. BidaskClub cut CommVault Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Mitsubishi UFJ Financial Group set a $70.00 price objective on CommVault Systems and gave the company a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $75.00 price objective (up previously from $68.00) on shares of CommVault Systems in a report on Wednesday, July 26th. Lake Street Capital boosted their price objective on CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Jefferies Group LLC boosted their price objective on CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $67.00.

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In other news, insider Al Bunte sold 30,001 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.01, for a total value of $1,800,360.01. Following the sale, the insider now directly owns 474,780 shares in the company, valued at $28,491,547.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian Carolan sold 4,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $59.90, for a total value of $239,600.00. Following the completion of the sale, the vice president now owns 79,793 shares in the company, valued at $4,779,600.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,247 shares of company stock worth $9,315,505. Insiders own 13.40% of the company’s stock.

CommVault Systems Company Profile

Insider Buying and Selling by Quarter for CommVault Systems (NASDAQ:CVLT)

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